Car rental

100% Finanziert

SUMMARY

CROWDESTOR would like to announce a new and exciting project opportunity for our investors in the car rental industry. 

INVESTMENT OPPORTUNITY

Current investment opportunity offers CROWDESTOR investors to make a loan with an 18% annual interest rate with a monthly repayment of the principal amount and the interest. The funding target is 30459 EUR. 

SECURITY PROVIDED

The loan is secured with a personal guarantee from the company shareholder. 

DEAL STRUCTURE

This is the portfolio of already issued loans by Monify, which are ceded to CROWDESTOR SPV “CR-12”. 

These selected customers were scored by Monify, and since the loan disbursement had been paying in accordance with payment graphs. 

Legally, ceding means that from this deal, all claim rights will be transferred from Monify to CROWDESTOR SPV, and all interest and principal will be paid by the borrower to the CROWDESTOR SPV. 

Monify will use the funding to settle its payments with creditors.

LOAN

Target: EUR 30459,00 

Loan term: 4 months

Interest rate: 18 % per annum

Interest payments: paid monthly from the first month

Loan repayment: repaid monthly

Collateral: Personal guarantee from a company shareholder

About the Borrower

COMPANY DESCRIPTION

SIA Armada Rent was established in 2005 and is operating in the field of renting and leasing cars and light motor vehicles. The company is based in Latvia and is operating in the Latvian market for more than 14 years. SIA Armada Rent is located at the International Airport Riga (RIX), making traveling easy for everyone who arrives in Riga by offering new, comfortable, and economic cars. The company shows a stable operational balance and income every year and is currently looking for a way to expand their business. 

SIA Armada Rent offers to rent and lease: 

More about the company: https://www.auto5.lv/en/home